Visa USA has reported that U.S. financial institutions have issued more than one million credit and debit cards that use information on embedded computer chips to validate transactions instead of magnetic stripe technology.

MAUI, Hawaii — Much noise was made following the NCUA’s issuance of its regulation concerning the responsibilities of federal credit unions’ boards of directors last year. But Brian Witt, partner with Farleigh Wada Witt, despite some insurance providers’ assertions, said “I don’t think your personal risk is greatly increased.”